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Menger's Consumption Theory in the Light of Practical Thought

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  • Patrick MARDELLAT

Abstract

This article considers Menger's theory of consumption. It is about studying the depth of Menger's alleged Aristotelianism in the prism of practical thought, within which only Aristotle's economics takes all its meaning. It is shown that the mengerian theory of consumption is rooted in life conceived as need, thus channelling it into a problem of reproduction of the conditions of existence, which is characteristic of poietic reasoning. The study of the institutional context of consumption shows then that there also the practical dimension is missed. Hypothesis is made in conclusion that Menger's theory is part of a pragmatic frame.

Suggested Citation

  • Patrick MARDELLAT, 2009. "Menger's Consumption Theory in the Light of Practical Thought," Cahiers d’économie politique / Papers in Political Economy, L'Harmattan, issue 56, pages 63-89, January -.
    • Handle: RePEc:cpo:journl:y:2009:i:56:p:63-89
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    JEL classification:

    • B13 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Neoclassical through 1925 (Austrian, Marshallian, Walrasian, Wicksellian)
    • B11 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Preclassical (Ancient, Medieval, Mercantilist, Physiocratic)

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